CONMED Corp (CNMD) shareholders can enhance their income by selling a March 2026 covered call at a $55 strike, collecting a premium of $5.10. This action could yield an additional annualized return of 15.1%, resulting in a total potential annualized return of 16.7%. Currently, CNMD shares are priced at $50.09, meaning they would need to increase by 9.5% for the shares to be called away, which would net shareholders a 19.6% return, including dividends.
The trailing twelve-month volatility for CONMED Corp is calculated at 42%, suggesting significant price movement potential. On Thursday, the put volume among S&P 500 components was 620,594 contracts, while call volume reached 1.37 million, resulting in a put-call ratio of 0.45, indicating a preference for calls among options traders.
